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Wednesday 4 November 2026
Export HEI.A’s income statement to Excel — free account
Heico Corporation
HEI.A Industrials Aerospace & Defense
Heico Corporation’s revenue for fiscal 2025 (year ended October 2025) was $4.5 billion, up 16.3% from fiscal 2024.
- Revenue
- +23.1%
- EPS
- +33.1%
- Free cash flow
- +47.7%
- Total debt
- +3.82%
Quarter to July 2026, against a year earlier
249.24
1.14
−0.46%
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| Oct '16 | Oct '17 | Oct '18 | Oct '19 | Oct '20 | Oct '21 | Oct '22 | Oct '23 | Oct '24 | Oct '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
25.64 | 34.46 | 33.94 | 38.73 | 41.30 | 55.30 | 49.15 | 43.24 | 51.62 | 49.95 |
Piotroski F-Score |
5 | 5 | 8 | 8 | 4 | 5 | 6 | 4 | 6 | 7 |
P/S ratio |
2.92 | 4.21 | 4.97 | 6.19 | 7.26 | 9.03 | 7.84 | 5.88 | 6.89 | 7.68 |
Altman Z-Score |
4.34 | 4.71 | 6.53 | 8.06 | 6.75 | 10.40 | 9.10 | 4.02 | 5.75 | 6.75 |
Altman Z″-Score (non-manufacturers) |
4.24 | 3.95 | 4.78 | 5.12 | 5.35 | 5.78 | 5.70 | 3.69 | 4.25 | 4.50 |
P/FCF ratio |
17.58 | 24.45 | 30.83 | 31.17 | 33.58 | 41.28 | 39.72 | 43.68 | 43.29 | 39.99 |
Beneish M-Score |
(2.62) | (2.55) | (2.47) | (2.44) | (2.80) | (2.32) | (2.42) | (2.39) | (2.44) | (2.40) |
P/Operating CF |
46.08 | 58.85 | 77.68 | 102.69 | 117.72 | 153.10 | 120.28 | 117.54 | 129.29 | 116.64 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 84 |
P/B ratio |
3.84 | 5.14 | 5.88 | 7.51 | 6.45 | 7.33 | 6.54 | 5.46 | 7.19 | 7.87 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 267.93 | 63.73 | 71.38 | 0.00 | 0.00 | 0.00 |
EV/Sales |
3.22 | 4.61 | 5.24 | 6.44 | 7.44 | 9.09 | 7.91 | 6.65 | 7.43 | 8.12 |
EV/EBITDA |
13.63 | 18.94 | 20.53 | 24.49 | 28.59 | 34.92 | 29.44 | 26.14 | 28.66 | 29.95 |
EV/Operating CF |
17.09 | 24.41 | 28.34 | 30.26 | 32.51 | 38.21 | 37.33 | 44.01 | 42.61 | 38.96 |
EV/FCF |
19.39 | 26.83 | 32.48 | 32.41 | 34.44 | 41.60 | 40.07 | 49.45 | 46.66 | 42.25 |
Quick Ratio |
1.14 | 1.10 | 1.05 | 1.15 | 2.56 | 1.20 | 1.03 | 1.02 | 1.06 | 1.03 |
Current Ratio |
2.53 | 2.53 | 2.60 | 2.81 | 4.83 | 3.18 | 2.74 | 2.79 | 3.11 | 2.83 |
Net Debt/EBITDA |
1.28 | 1.67 | 1.04 | 0.93 | 0.72 | 0.26 | 0.25 | 3.05 | 2.07 | 1.61 |
Debt/Assets |
22.93% | 26.83% | 20.07% | 18.93% | 20.85% | 6.76% | 7.09% | 34.44% | 29.36% | 25.50% |
Debt/Equity |
0.44 | 0.54 | 0.35 | 0.33 | 0.37 | 0.10 | 0.11 | 0.78 | 0.60 | 0.50 |
Asset Turnover |
0.74 | 0.68 | 0.69 | 0.73 | 0.55 | 0.53 | 0.58 | 0.53 | 0.52 | 0.56 |
Operating CF/Net income |
1.66 | 1.55 | 1.27 | 1.33 | 1.30 | 1.46 | 1.33 | 1.11 | 1.31 | 1.35 |
Capex/Depreciation |
(0.51) | (0.40) | (0.54) | (0.35) | (0.26) | (0.39) | (0.33) | (0.38) | (0.33) | (0.37) |
Interest Coverage |
32.08 | 31.32 | 18.91 | 21.07 | 28.62 | 53.93 | 77.80 | 8.57 | 5.52 | 7.85 |
| 16.09% | 16.20% | 18.84% | 20.51% | 16.95% | 14.12% | 14.22% | 13.82% | 14.92% | 17.10% | |
| 8.36% | 8.25% | 10.04% | 11.66% | 9.64% | 8.64% | 9.26% | 7.15% | 6.95% | 8.58% | |
ROIC |
11.34% | 10.25% | 11.90% | 12.99% | 10.04% | 10.13% | 11.09% | 7.11% | 8.94% | 10.06% |
Return on Tangible Assets |
34.68% | 36.30% | 42.77% | 46.98% | 28.72% | 36.38% | 36.72% | 26.70% | 29.59% | 35.29% |
Average Days of Receivables |
53.63 | 53.25 | 48.72 | 48.71 | 42.98 | 47.92 | 48.73 | 62.60 | 50.95 | 51.89 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
18.18% | 17.58% | 17.69% | 17.35% | 17.09% | 17.93% | 16.57% | 17.79% | 17.56% | 17.11% |
Intangible Assets out of Total Assets |
0.62 | 0.64 | 0.61 | 0.61 | 0.55 | 0.58 | 0.59 | 0.64 | 0.62 | 0.60 |
Share Based Compensation of Revenue |
0.47% | 0.49% | 0.52% | 0.50% | 0.57% | 0.49% | 0.57% | 0.52% | 0.49% | 0.77% |
Graham Net Nets |
(0.10) | (0.10) | (0.05) | (0.04) | (0.03) | (0.02) | (0.02) | (0.12) | (0.07) | (0.05) |
Graham Number |
14.69 | 17.36 | 22.39 | 26.49 | 27.97 | 29.31 | 33.69 | 39.24 | 47.28 | 59.29 |
Earnings Yield |
3.90% | 2.90% | 2.95% | 2.58% | 2.42% | 1.81% | 2.03% | 2.31% | 1.94% | 2.00% |
Free Cash Flow Yield |
5.69% | 4.09% | 3.24% | 3.21% | 2.98% | 2.42% | 2.52% | 2.29% | 2.31% | 2.50% |
Revenue per Share |
10.51 | 11.58 | 13.41 | 15.38 | 13.26 | 13.79 | 16.24 | 21.64 | 27.86 | 32.26 |
Operating CF per Share |
1.98 | 2.19 | 2.48 | 3.27 | 3.04 | 3.28 | 3.44 | 3.27 | 4.86 | 6.72 |
Capex per Share |
(0.24) | (0.20) | (0.32) | (0.22) | (0.17) | (0.27) | (0.24) | (0.36) | (0.42) | (0.52) |
Free Cash Flow per Share |
1.75 | 1.99 | 2.16 | 3.06 | 2.87 | 3.01 | 3.20 | 2.91 | 4.44 | 6.19 |
Cash per Share |
0.33 | 0.40 | 0.45 | 0.43 | 3.02 | 0.80 | 1.03 | 1.25 | 1.17 | 1.57 |
Shareholders Equity per Share |
8.00 | 9.48 | 11.34 | 12.68 | 14.92 | 16.97 | 19.47 | 23.28 | 26.70 | 31.49 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
8.00 | 9.48 | 11.34 | 12.68 | 14.92 | 16.97 | 19.47 | 23.28 | 26.70 | 31.49 |
Free Cash Flow |
228.85 | 262.29 | 286.62 | 408.44 | 386.19 | 407.90 | 435.87 | 399.30 | 614.11 | 861.38 |
Working Capital |
328.74 | 382.46 | 451.38 | 524.59 | 924.46 | 642.51 | 731.87 | 1,190.00 | 1,398.44 | 1,524.36 |
Capital Expenditures |
(30.86) | (26.00) | (41.87) | (28.94) | (22.94) | (36.18) | (31.98) | (49.43) | (58.26) | (72.89) |
Net Current Asset Value |
(407.55) | (632.25) | (416.58) | (460.82) | (371.48) | (264.08) | (294.46) | (2,146.57) | (1,833.12) | (1,764.89) |
EV/EBIT |
16.73 | 22.94 | 24.74 | 28.96 | 35.31 | 43.18 | 35.15 | 31.58 | 34.75 | 35.72 |
Capex to Sales |
0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 |
Price to Operating Income |
15.16 | 20.92 | 23.48 | 27.85 | 34.43 | 42.86 | 34.85 | 27.89 | 32.25 | 33.80 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.50 | 0.50 | 0.50 | 0.48 | 0.52 | 0.48 | 0.43 | 0.40 | 0.52 | 0.45 |
Cash ROIC |
14.78% | 13.28% | 13.68% | 17.65% | 12.23% | 15.44% | 14.16% | 6.83% | 10.09% | 12.73% |
Accounts Receivable Turnover |
7.17 | 7.18 | 7.73 | 8.04 | 7.37 | 8.19 | 8.18 | 7.38 | 7.37 | 7.63 |
Accounts Payable Turnover |
12.47 | 11.65 | 11.04 | 11.64 | 12.11 | 14.07 | 13.32 | 11.26 | 11.65 | 12.57 |
Inventory Turnover |
3.25 | 3.02 | 2.92 | 3.02 | 2.50 | 2.42 | 2.54 | 2.27 | 2.16 | 2.19 |
Average Days of Payables |
31.10 | 34.47 | 36.00 | 31.22 | 25.19 | 27.43 | 31.62 | 41.41 | 30.74 | 31.25 |
Days of Inventory on Hand |
121.40 | 132.01 | 134.84 | 123.54 | 153.02 | 153.29 | 158.00 | 203.90 | 181.41 | 175.20 |
Average Receivables |
191.91 | 212.34 | 229.87 | 255.81 | 242.38 | 227.68 | 269.88 | 401.96 | 523.78 | 588.05 |
Average Payables |
69.01 | 81.53 | 98.47 | 106.72 | 91.23 | 80.89 | 101.05 | 161.22 | 202.16 | 214.73 |
Average Inventory |
264.91 | 314.97 | 372.59 | 410.94 | 441.76 | 470.63 | 530.26 | 798.08 | 1,092.31 | 1,233.14 |
Average Assets |
1,867.40 | 2,255.42 | 2,582.91 | 2,811.30 | 3,258.46 | 3,523.06 | 3,796.95 | 5,645.28 | 7,393.94 | 8,046.63 |
Average Common Equity |
970.49 | 1,148.00 | 1,375.65 | 1,598.83 | 1,852.63 | 2,153.77 | 2,472.62 | 2,920.73 | 3,445.28 | 4,038.29 |
Columns are period end dates